Maksim Has Created a New and Innovative Product That He

question 33

Multiple Choice

Maksim has created a new and innovative product that he wants to rush into the market to give him an immediate advantage over his competitors.Which is not a likely problem Maksim will face when releasing his product early?

• A)high repair costs
• B)high design costs
• C)operations problems that cannot be easily fixed
• D)sales problems

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Definitions:

Incidental Beneficiary

A party who indirectly benefits from a contract but has no legal right to enforce the agreement made between other parties.

Donee Beneficiary

A third party that benefits from a contract between two other parties, to whom the promisor's performance is a gift.

Promisee

The individual or entity to whom a promise is made and who stands to benefit from the fulfillment of that promise.

Creditor Beneficiary

An individual or entity that benefits from a contract made between two other parties because of a debt owed to them.